Summer Suites, Menara Solaris

Summer Suites (also known as Mercu Summer Suites) is a leasehold SOHO building located in Menara Solaris, KLCC. There are 403 units available at this project with built-up from 493 sf. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at around RM700 psf, and was completed in about 2015.

UEM Sunrise Bhd (fka Sunrise) is a very large-sized real estate company listed on KLSE, and it has constructed around 59 real estate projects in Malaysia. Other similar projects by the same developer are Menara Solaris and Summer VOS.

Property Type
SOHO
Land Tenure
Leasehold
Built-up
493 sf
Market Price
RM500,000
Density
403 Units
Completed In
2015
Launch Price
About RM700 psf

This SOHO building has many amenities nearby, for example universities, metro transport stations, hospitals and schools. The following are some main universities here:

As for metro transport stations, there are LRT Dang Wangi, LRT Kampung Baru, Monorail Bukit Nanas and Monorail Medan Tuanku. There are also some hospitals here, i.e. Al Islam Specialist Hospital, Specialist Hospital Al Islam and Twin Towers Medical Center.

Lastly, the schools here are French Culinary School In Asia, SMK Convent Bukit Nanas and SMK Puteri Wilayah.

The current market prices for Summer Suites are from RM500,000 (about RM1,010 psf); while the monthly rentals are from RM2,100 to RM2,400 (about RM4.26 psf). The highest median price psf ever recorded was RM1,076 psf in Q2 2015; while the lowest one was RM700 psf in Q1 2013.

The current rental yield of Summer Suites is around 5.04%, compared to 4.88% a year ago in Q1 2018. The highest rental yield ever recorded was 5.47% in Q3 2016; while the lowest one was 4.04% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Summer Suites for sale listings:

DateTypeBuilt-upPrice
TodayOffice618 sfRM640,000
06-Apr-19Condominium577 sfRM590,000
26-Mar-19Condominium454 sfRM525,000
26-Mar-19Studio493 sfRM495,000
26-Mar-19Condominium1,348 sfRM1,000,000
26-Mar-19Condominium454 sfRM510,000
25-Mar-19Studio493 sfRM485,000
25-Mar-19Condominium1,150 sfRM955,000
25-Mar-19Studio493 sfRM480,000
19-Mar-19SOHO795 sfRM795,000

Latest Summer Suites for rent listings:

DateTypeBuilt-upRental
TodayCondominium866 sfRM2,800
16-Apr-19Studio500 sfRM2,100
16-Apr-19Condominium640 sfRM2,500
15-Apr-19Studio500 sfRM2,500
15-Apr-19Condominium795 sfRM3,200
15-Apr-19Condominium493 sfRM2,200
15-Apr-19Condominium500 sfRM2,000
15-Apr-19Condominium866 sfRM3,500
15-Apr-19Condominium700 sfRM2,300
15-Apr-19Room In Apartment-NA-RM1,000